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14Gresham ComputingClareti Transaction Control (CTC)Best Reconciliation SolutionQ: Who are the top executives of the company?A: We have the good fortune to have executives at Gresham with many decades’ experience working in the reconciliations and matching space. Alongside Gresham veteran Chris Errington, CEO, Neil Vernon, chief technology officer, and Bill Blythe, global business development director, lead the product, sales and marketing efforts for our flagship technology, Clareti Transaction Control (CTC).Q: Where is your company’s main headquarters?A: Gresham is a British company headquartered in the City of London with a software development center in Bristol, England.Q: What is the mission of your company?A: Gresham has one of the world’s largest software development groups focused exclusively on solving matching and reconciliation problems. Our aim is to revolutionize the market, bringing the power of our matching and reconciliation platform to previously uncontrolled areas so that real-time financial certainty can be applied across any application and across any organization. Our mission is to be the market leader in transaction control solutions.Q: As of today, how many customers does the company have?A: We launched Clareti Transaction Control in September 2011 and signed our first customer, ANZ, in 2012. Over the last 12 months or so, we have onboarded 20-plus new customers around the world to the CTC platform, including most recently CMC Markets, Mainstream BPO and Macquarie Bank.Q: How does your company help with post-trade challenges?A: In today’s highly regulated post-crisis world (Dodd-Frank, EMIR, Basel III, AIFMD), financial institutions desperately need the ability to deploy new controls quickly and cost- effectively. For those legacy reconciliation vendors who focus on traditional Nostro and depot reconciliations their ability to react quickly and to deploy new controls in an efficient manner is therefore severely constrained. For CTC, it is easy.For those companies which continue to run multiple legacy reconciliation systems, each new requirement or regulatory change will involve many man-hours of effort and cost and a constant threat that regulatory compliance may be compromised.Q: What were your company’s major achievements in 2013?A: In 2013, we made strong progress commercializing CTC, adding high-quality customers and building market demand. We increased CTC revenues by 1,650 percent and expanded our sales operation to support the increase in demand.Additionally, we relocated our headquarters to new premises in the City, relocated our support operations to larger premises in Southampton Science Park and opened new offices in Melbourne, Sydney and Singapore to support our increasing customer base in the Asia-Pacific region.Q: What are your top goals for 2014?A: 2014 is all about us strengthening our customer base further through investment in software development and sales and marketing efforts for CTC. We have strengthened our software development team and at the beginning of the year we opened a New York office on Wall Street. We continue to hire experienced sales professionals.★LCH.ClearnetBest Cutting-Edge SolutionQ: Who are the top executives of the LCH.Clearnet SwapClear business?A: Michael Davie, CEO, LCH.Clearnet Ltd., and Daniel Maguire, global head of SwapClear.Q: Where is your parent company’s headquarters?A: LCH.Clearnet Group, Aldgate House, 33 Aldgate High St., London EC3N 1EA.Q: What is the mission of your parent company?A: LCH.Clearnet is a leading multi-asset-class clearinghouse with a truly global reach. We work closely with market participants from across the world to identify and deliver best-in-class risk- management-based clearing solutions.Q: As of today, how many customers does the SwapClear service have?A: The company does not disclose this information.Q: How does your company help with post-trade challenges?A: LCH.Clearnet provides a range of clearing services that enable members and clients to more efficiently manage their risk across exchange-traded and OTC markets.Q: What were SwapClear’s major achievements in 2013?A: SwapClear achieved a leadership position in client clearing of derivatives; provided participants with unique access to robust, real-time risk management tools; and extended its global footprint in Asia. It also developed new segregation models in Europe and enhanced its member compression services.Q: What are your top goals for 2014?A: SwapClear is extending its leadership in client clearing while introducing more efficient means for clients to compress trades.By harnessing the liquidity inherent in its 80-plus percent market share of swaps clearing, SwapClear is delivering even greater efficiencies that are enabling participants to optimize their portfolios and better manage their overall risk.The introduction of blended rate compression is an important tool in helping to reduce line items for participants, which in many cases lowers capital requirements and streamlines operational management and porting, especially in the event of a default.★From left to right:Justin Lopato, Elizabeth Wasmund, Ankeet Dedhia, Andrew McGuireSee photos starting on page 38AWARDS SUPPLEMENT 2014 | FTF NEWS MAGAZINE